Activision Blizzard Profit Slumps as Sales Shrink

Activision Blizzard gross sales and earnings fell within the second quarter, the newest indicator that pandemic-fueled progress is slowing as shoppers are limiting their spending in response to file inflation.

The videogame firm, which in January agreed to be acquired by Microsoft Corp. for $75 billion, recorded $1.64 billion in gross sales, a roughly 28% lower from $2.3 billion in gross sales in 2021.